Archive · 17 Jan 2026
Motilal Oswal Bullish on Steel Stocks
Motilal Oswal, a big finance company, thinks the steel business is doing well.
They like three big steel companies: JSW Steel, Tata Steel, and Jindal Steel.
They think these companies are good because they have strong money plans, are growing, and are making more money.
The company says JSW Steel is the best big one because it makes steel cheaply and sells special kinds.
Tata Steel is getting better, especially in Europe.
Jindal Steel is growing fast and making better steel.
The finance company thinks these stocks will go up in price: JSW Steel by 15%, Tata Steel by 16%, and Jindal Steel by 20%.
However, the overall market is a bit shaky because of money leaving the country and uncertain world events.
But experts still think the market will do well in the long run because of good policies and possible interest rate cuts.
Motilal Oswal recommends JSW Steel, Tata Steel, and Jindal Steel as top 'BUY' picks in the steel sector.
JSW Steel is favored for its capacity-led growth, cost leadership, and value-added steel share.
Tata Steel is seen as a turnaround story with robust domestic operations and improving European earnings.
Jindal Steel is expected to benefit from capacity expansion, value-added products, and captive coal ramp-up.
Target prices imply upside potential of 15% for JSW Steel, 16% for Tata Steel, and 20% for Jindal Steel.
- Who
- Motilal Oswal Financial Services
- What
- Recommended top steel stocks and other long-term investment picks
- When
- January 16, 2026
- Where
- India
- Why
- Strong balance sheets, growth visibility, improving margins, and positive market prospects
Bullish View
Bearish View
Market Sentiment
Bullish View
Experts remain positive about the market's prospects for the medium to long-term due to a healthy macro environment, policy support, and expectations of further rate cuts by the RBI.
Bearish View
Domestic market sentiment remains weak due to relentless foreign capital outflow, geopolitical uncertainties, and mixed Q3 earnings.
- Brokerage
- Motilal Oswal Financial Services
- Top Picks
- JSW Steel, Tata Steel, Jindal Steel
- JSW Steel Target
- ₹1,360 (15% upside)
- Tata Steel Target
- ₹220 (16% upside)
- Jindal Steel Target
- ₹1,250 (20% upside)
- Sector Outlook
- Constructive on steel sector
- Report Date
- January 16, 2026
- Market Sentiment
- Mixed due to foreign capital outflow and geopolitical uncertainties
- Market Outlook
- Positive for medium to long-term
Sources
Stocks To Buy: The three steel names that Motilal Oswal is betting on
Vedanta, Hindalco remain Arun Kejriwal's top two metal stock picks; shares view on IPO market
Stocks to buy for long term: From Bharti Airtel to BEL— Motilal Oswal's expert bullish on these 5 shares; do you own?